Southwestern Energy (NYSE: SWN) reported Q2 EPS of $0.19, $0.02 worse than the analyst estimate of $0.21.

• Integration planning for scale-enhancing acquisition and Haynesville entry ahead of schedule; shareholder vote set for August 27th;
• Implemented basin-wide project to certify and continuously monitor potential emissions from all Appalachia unconventional wells;
• Further reduced leverage ratio by 0.4x to 2.6x; sustainable 2x leverage expected in late 2021;
• Generated $270 million net cash provided by operating activities; invested $259 million consistent with our maintenance capital plan; expect free cash flow to ramp in second half 2021;
• Captured promised $100 per foot well costs savings on first three Ohio Utica wells;
• Reported total production of 276 Bcfe, or 3.0 Bcfe per day, including 2.4 Bcf per day of gas and 104 MBbls per day of liquids;
• Received weighted average realized price (excluding impact of transportation and hedges) of $2.92 per Mcfe; and
• Approximately 90% of remaining 2021 Appalachia natural gas basis protected; annual differential guidance range remains unchanged.

For earnings history and earnings-related data on Southwestern Energy (SWN) click here.